Investing in real estate can be a rewarding venture, and this property offers a unique opportunity for those seeking a country oasis. With a spacious 4-bedroom, 2-bathroom layout and recent renovations, it presents a strong appeal for potential renters or buyers. The financial metrics indicate a solid cash flow and a favorable cap rate, making it an attractive investment. However, it's essential to consider the overall market conditions and potential risks associated with rural properties. Understanding both the benefits and drawbacks will help you make an informed decision.
| Property Detail Name | Property Detail Value |
|---|---|
| Address | 4591 COMET Avenue, Keystone Heights, FL 32656 |
| Property Type | Manufactured |
| Price | $265,000 |
| Price Change | $0 |
| Tax Assessed Value | $158,795 |
| Non Owner Occupied? | Yes |
| Pre Foreclosure Auction | No |
| Bedrooms | 4.0 |
| Bathrooms | 2.0 |
| Living Area | 1,512.0 |
| Lot Area | 3.69 |
| Lot Area Unit | ACRES |
| Year Built | 2007 |
In conclusion, this property presents a compelling investment opportunity with its attractive financial metrics and recent upgrades. The strong cap rate and positive cash flow suggest that it can generate a reliable income stream. However, investors should remain cautious of the lower cash on cash return and the potential risks associated with rural properties. Balancing these factors will be crucial in determining whether this investment aligns with your financial goals. If you're ready to explore this opportunity further, don't hesitate to reach out and schedule a viewing!
| Financial Metric Name | Financial Metric Value |
|---|---|
| Cash on Cash Return | 2.9% |
| Monthly Rent | $1,683 |
| Net Operating Income | $1,603 |
| Cap Rate | 7.3% |
| Monthly Cash Flow | $129 |
| Gross Rent Multiplier | 13.1 |
| Debt Service Coverage Ratio | 1.2 |
| Principal and Interest | $1,337 |
| Tax | $137 |
| HOA Fees | $0 |
| Insurance | $80 |
| Total Payment | $1,554 |